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$8 million expansion to create 45 jobs at Web Industries

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.The Associated Press
Thursday, May 18, 2017 07:52 am

A global supplier of flexible material converting and manufacturing services will expand operations in Allen County, creating up to 45 new jobs by 2019.

Web Industries, an employee-owned company that formats materials found in airplanes, juice boxes, extension cords and medical testing consumables, is investing more than $8 million to expand its current 110,000-square-foot manufacturing facility at 3925 Ardmore Ave. Construction is currently underway to add 50,000 square feet and is expected to be completed by the end of the year. Over the last 10 years the facility has increased its gross sales by 16.5 percent and employees by 56 percent.

The company currently employs more than 500  people in seven manufacturing locations in Europe and the U.S. Web Industries currently employs 75 people in Indiana and plans to continue hiring for flexographic press and machine operators, supporting leaders and infrastructure professionals. Interested applicants may apply by emailing careers@webindustries.com.

 “Indiana offers Web Industries many business and quality-of-life advantages,” Mark Phil, president and chief operating officer, said in a statement. "The state’s central location and extensive transportation system allow us to easily support our expanding customer base."  

The Indiana Economic Development Corporation (IEDC) offered Web Industries up to $70,000 in conditional tax credits based on the company’s job-creation plans. These tax incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Fort Wayne will consider additional incentives.

“Fort Wayne continues to be a leader in job and business growth,” Mayor Tom Henry said in a statement. “Companies like Web Industries are making a lasting and meaningful difference in our community and region."

Web Industries was founded in Boston in 1969 by Bob Fulton on $10,000 raised from family and friends. The business serves a variety of industries, which includes advanced composites, health and hygiene, medical, industrial and wire and cable. In 2000, the company became 100 percent employee-owned.

 

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